COVID-19 Relief Talks Hit An 11th-Hour Snag
WASHINGTON ― With just hours to go until a government shutdown, congressional leaders were scrambling Friday to pass another short-term funding extension to give lawmakers more time to finish a coronavirus deal and a federal spending bill that conspicuously have yet to materialize.
Days of disagreements and drafting hiccups have suddenly threatened the fragile relief bill, with some Republicans opposed to the structure of stimulus checks and looking to constrain the Federal Reserve’s lending power. New restrictions on the Fed could hamper the incoming Biden administration’s ability to respond to financial challenges, and could lead to a further economic downturn.
Republicans are also concerned that Democrats are trying to use money for the Federal Emergency Management Agency as a backdoor for state aid, after Democratic leaders agreed to hold back on state …continued .
[Source: Huffington Post]